24th Aug 2026 20:29
One Media iP Group PLC - Buckinghamshire, England-based digital music rights acquirer, publisher and distributor - Completes the disposal of its 4.6% stake in Round Group Ltd. In connection with the transaction, the company has also agreed a variation to its existing loan arrangements with Round. Under the revised arrangements, a portion of the loan will be redrawn by Round under the existing loan facility, following which the aggregate principal amount outstanding will be GBP175,000. Chief Executive Michael Infante says: "We are pleased to have completed the disposal of our investment in Round, crystallising value for One Media and its shareholders. We wish the Round team every success for the future." In addition, says it has repaid in full its outstanding long-term loan with Coutts & Com using existing cash resources. The outstanding loan was last reported in the company's half-year results at GBP580,000. Following repayment, the group is now in a net cash position with no borrowings.
Current stock price: 4.85 pence, closed up 4.3% in London on Monday
12-month change: up 14%
By Jeremy Cutler, Alliance News reporter
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